About Hiraco India Private Limited
Data last updated:
Hiraco India Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 17 May 2008.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U51398MH2008PTC182337. Its GSTIN is 27AACCH0427M1ZL (Maharashtra). The company held 3 GST registrations, all of them active.
The company had an authorised share capital of ₹20 Cr and a paid-up capital of ₹19.45 Cr. It was led by directors including Kavitkumar Dayabhai Sutariya and Rajesh Bhagwanbhai Sutaria.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at B/909 A – Wing The Capital G – Block Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2024, the company reported a revenue of ₹269.15 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net profit of ₹1.56 Cr (net margin 0.6%) and EBITDA of ₹3.37 Cr (EBITDA margin 1.3%). Revenue has grown at a compounded annual rate (CAGR) of 43% over three years and 32% over five years.
The company has about 6 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Hiraco Ventures. As per MCA filings, the company has satisfied charges of ₹73.54 Cr on record. Court records list 11 cases involving the company, including 8 filed by the company and 3 filed against it; 3 cases are pending.
The last known website on record is hiracodiamonds.com.
Company details
Contact details
Hiraco India Private Limited's registered office is in Mumbai, Maharashtra. Its website is hiracodiamonds.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressB/909 A – Wing The Capital G – Block Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Hiraco India Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Hiraco India operates one associated brand: Hiraco Ventures. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Family run investment firm | hiracoventures.com |
Business activity
The main business activity of Hiraco India is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Hiraco India Private Limited, buy the company report.
Financials of Hiraco India Private Limited
FY 2024 filings availableHiraco India Private Limited reported revenue of ₹269.15 Cr (down 19% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 19% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 32%. EBITDA fell 44% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹3.37 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹1.56 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.3% | ||||
| Net Profit Margin | 0.6% | ||||
| Return on Equity (ROE) | |||||
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| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Hiraco India Private Limited, buy the company report.
Board of directors of Hiraco India Private Limited
Hiraco India has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kavitkumar Dayabhai Sutariya Also directs: Hiraco India LLP, Rajvi Energy Private Limited, Dadajee Dhackjee Infotech Private Limited and 1 more | Director | 01 May 2010 | 16 Years 5 Months | As last reported |
| Rajesh Bhagwanbhai Sutaria Also directs: Hiraco India LLP | Director | 01 Jun 2008 | 18 Years 4 Months | As last reported |
| Dahyabhai Govindbhai Sutariya Also directs: Kashimira Ceramic Products LLP, Hiraco India LLP, Rajvi Energy Private Limited and 1 more | Director | 17 May 2008 | 18 Years 5 Months | As last reported |
| Parth Dayabhai Sutariya | Director | 02 May 2013 | 13 Years 5 Months | As last reported |
Peer comparison
Hiraco India Private Limited is compared with the 5 companies closest to it by revenue in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Uni-Design Jewellery (India) Private Limited | ₹277.14 Cr (FY 2022) | 49.0% | Mumbai, Maharashtra, India | |||
| Raniwala Jewellers Private Limited | ₹270.2 Cr (FY 2025) | 32.0% | Jaipur, Rajasthan, India | |||
| Hiraco India Private Limitedthis company | ₹269.15 Cr (FY 2024) | ₹1.56 Cr | 0.6% | -19.0% | 6 | Mumbai, Maharashtra, India |
| Gift Gold Private Limited | ₹265.93 Cr (FY 2025) | 54.0% | Mumbai, Maharashtra, India | |||
| Chain Experts and Jewellers Private Limited | ₹264.88 Cr (FY 2025) | 16.0% | Mumbai, Maharashtra, India | |||
| Paramsneh Jewellers (India) Private Limited | ₹264.29 Cr (FY 2025) | 6.0% | Meerut, Uttar Pradesh, India |
To see the full peer comparison of Hiraco India Private Limited, buy the company report.
Auditor
Hiraco India Private Limited is audited by RAMESH RAJNI & CO LLP. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAMESH RAJNI & CO LLP. | FY 2023 | W100232 |
Shareholding
The shareholding of Hiraco India Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Hiraco India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Nov 2013 | 10465834 | Bank of India | ₹1.25 Cr | Satisfied | |
| 19 Sep 2008 | 10128430 | State Bank of India | ₹72.29 Cr | Satisfied |
To see the full charge records of Hiraco India Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Hiraco India Private Limited has 11 court cases on record: 8 filed by Hiraco India, 3 filed against it. 3 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 1 | 3 |
| High courts | 1 | 1 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed by the company against individuals | Pending |
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | Disposed |
| Supreme Court | Court case (0316-Direct Taxes Matter : Income from Business/Profession) | Filed against the company by PR Commissioner of Income Tax 5 PR Commissioner of Income Tax 5 5Th Floor, Room No 559, MK Road ,Mumbai , Maharashtra | Disposed |
| District court, SURAT, Gujarat | Criminal complaint | Filed by the company against individuals | Disposed |
| District court, SURAT, Gujarat | Criminal complaint | Filed by the company against Better Earth Jwellers Pvt Ltd and 2 others | Disposed |
To see the full case history of Hiraco India Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Hiraco India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Hiraco India Private Limited has a workforce of 6 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Hiraco India has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCH0427M1ZL | Maharashtra | Active | 01 Jul 2017 |
| 27AACCH0427M2ZK | Maharashtra | Active | 01 Apr 2025 |
| 24AACCH0427M1ZR | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hiraco India Private Limited, buy the company report.
Recent activity
Hiraco India Private Limited has 9 board changes on record since 2008: 4 appointments and 5 cessations. The latest: Lavjibhai Bhagwanbhai Sutaria ceased to be Director on 01 Jun 2017.
5 earlier events are in the company report.
Frequently asked questions
Hiraco India has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Hiraco India was a private limited company based in Mumbai, Maharashtra, India. The company worked in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 17 May 2008 and is registered under CIN U51398MH2008PTC182337. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Hiraco India is U51398MH2008PTC182337. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hiraco India had 4 directors:
- Kavitkumar Dayabhai Sutariya - Director
- Rajesh Bhagwanbhai Sutaria - Director
- Dahyabhai Govindbhai Sutariya - Director
- Parth Dayabhai Sutariya - Director
Hiraco India was incorporated on 17 May 2008. It is registered with the Registrar of Companies, Mumbai.
Hiraco India can be reached through the website hiracodiamonds.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Hiraco India is at B909 A – Wing The Capital G – Block Bandra Kurla Complex Bandra East, Mumbai, Maharashtra, India – 400051.
The latest financial statements of Hiraco India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Hiraco India is 27AACCH0427M1ZL, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 27AACCH0427M2ZK (Maharashtra), 24AACCH0427M1ZR (Gujarat).
Hiraco India operated in the consumer goods industry, in the watches and jewelry manufacturing segment.
The peers of Hiraco India by revenue are Uni-Design Jewellery (India) Private Limited, Raniwala Jewellers Private Limited, Gift Gold Private Limited, Chain Experts and Jewellers Private Limited, Paramsneh Jewellers (India) Private Limited, all in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
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